New-York tribune., 1887-11-22

MONDAY, NOV. Si--f' NJ
II wouid require week's Issue of THE TRIBUNE 70
compare the values at tho Stock EXCHANGE las, spS
and now. and the comparative mcrits for tho two
,a ~ all the securities dealt In
Nav last Eric common stock sofa al
\, ga and I'm juno tho second Us sold at los OK 'ho
rrno common. At that time IGNORANCE OF the CON-
nany,s methods of making Its monthly reports was
Continuously asserting and printing that the company
was nat earning It's first charges Now, when tho timo
o., ,ho company's annual report is at hand, which VIII
show surplus the amount required for tho dvl'
dnd m the prcerred stock the stock spoken OF as
having risen from "a 12 to 30 Ia, and the second 6s
with December coupon on sell at 1O1 Another stock
among the low price anccs' which Is notable for Its
Norfolk and Western preferred. In MAY
n sold nj &c. but after tho company has presented
cain ON gross earnings beyond all expectation. and
demonstrated that Is earning dividend on the pre-
,rrcd stock t. at 43, Is spoken Of by traders and
nrofcssonals as having advanced l2 pcr cent Bur
ineton and Quincy last May sold at 1885, Northwestern
a, 1o7 So Omaha at 81 1-2, Rock Island at 141 and
81 pauI at O5. Leaving out st. Paul, all the COM
n.nies named have done better In earnings than any
one last May dared to predict True, the Burlington
and ouncy in August and September made large losses
from 1856 I'm net earnings, but for the nlne months 1t
was only $50, 900 behind 1885, In which year, after
carrying II 900 900 to renewal fund, SG70000 to sink
ing funds and paying per cent dividend, 1t carried
~ a, 400 900 additional credit to It's surplus account
No ono belIeves that Northwestern Rock Island or ~
unpton and Quincy Will reduce their dividends they
arc certain to Increase them first Nearly the whole
t of stocks will bear and justify what has been said
~ those mentioned II 1t is alleged that In the May
and juno values there was too much speculation 1t
may be replIed without admitting the assertion, that
nov tbere IS mono, but that with the late improve
mens In tho properties there Is room Tor good deal
Of protitable speculation on merits.
The Commercial and Financial Chronicles table
NJ railroad earnings for tho first week In November
includes seventy nine companies, which give an ag
eregate OF So 450 against So, 3O7 In the weef
of 1854 gain of $72o .152, or 1415 pcr cent out
Of the whole number only four companies return losses
and they aggregate only $5693
THE TRIBUNE has printed the earnings In the second
week in November Of thrtytwo railways, which give
an aggregate OF 80 against So 43O233 In the
same week of 1864 gain Of $685. 29s or 10 per cent
Tho increase In mileage IS about per cent or tho
thrtytwo companies, twenty reported their week
Iy earnings in 1885. Tho gain Of those roads over
1856 IS 1903 O79, or Ia per cont and over 1885 Is
S447 706, or % $40 pcr cent. The twenty one COM
panes In tho week of 1886 81 per cent on the
week Of 1885, and In 1887 gained ID per cent over
1886. This might be called progression"
To-day nine moro railroads reported their earnings
for tho second week In November aggregatlng S74s.
34o against s624,122 In the week OF 1861 gain Of
s1o4 900 .or 1915 per cent This makes the aggregate
earnings fory-one roads already reported for the
second week November SO 554,357, against S3054.
357 In the second week Of November, 1861 gain Of
s4oO 516 or 16 per cent OF the fortyone companies
wenty-seven reported their weekly earnings In 1885
those companies In the week Of 1886 gained per cent
on the week OF 1885, and In the week Of this year they
gained 16 per cent on the week Of 1885.
To-days stock market was dull the transactions
amounted only to 271 ,s02 shares. The Chi
cago and New-YOrk bcarsD engaged In testing
the market from the opening to the close, while the
local bulls instead OF giving any support were saying
Good luck to you" Yet prices yielded, dull as 1t
was only under severe pressure. Tho bears sold ST.
Paul down to 76 7-8, and 1t closed without any de-
monstrative support, at II 19 They opened Reading
of at 20 1-2 1t sold at II 3-8 and closed at 20 5S
Northwestern they sold down to Ill L. 1t closed at
III 81 Missouri Pacific they sold Off to 81 IA and
1t closed at Oh 3-4 Delaware, Lackawanna and West
developed unusual strength and although in the
last moments 1t severely pounded, 1t closed 12
higher than Saturday evening. Richmond and West
Point also closed 12 higher than Saturday Under the
conditions-poundng and lack of local support-the
market closed strong.
Government bonds were dull and steady at quota
tons foows